ans.# 4


Effectiveness- Degree in which objectives are achieved and the extent to which target problem are resolved.


Efficiency- A general term capturing the amount of waste or other undesirable futures.

- how efficient is the trading going on the financial market.


Productivity- Is a measure of output from a production process per unit of input.

- ex. Labor productivity is typically measured on a ration of output for labor-hour,
an input.